When investing for the first time, picking the stock or ETF that is right for you is sometimes the hardest part. There are so many different options to choose from, how do you know if you are making the right decision?
One good place to start might be to purchase a basket of stocks called an ETF. Some of the most popular are the Dow Jones Industrial Average (DIA) or the NASDAQ ETF (QQQ). These ETFs mean you own a little piece of every stock in the index, instead of just one or two. Another options is to invest in a company that you love. If have a passion for Nike products and only buy Nike, that could be the right pick for you!
On our app, we provide some example that can guide our first time investors through the intimidating world of investing!